Taxes Multiple Choice Questions with Answers – PDF Download

MCQ 1: A corporate tax is also called:

1. direct tax
2. company tax
3. corporation tax
4. all of above

MCQ 2: The form of tax which have to pay by the buyer on manufactured items at the time of purchase is known as:

1. direct tax
2. excise duty
3. sales tax
4. Indirect tax

MCQ 3: A tax imposed upon a person or property as distinct from a tax imposed upon a transaction is called:

1. indirect tax
2. corporate tax
3. payroll tax
4. direct tax

MCQ 4: The annual income of a person is $530,000 and the exempted amount is $280,000. The income tax payable at the rate of 0.75% would be:

1. 3975
2. 1875
3. 1585
4. 3185

MCQ 5: The tax which is charged on property, income and profits in the form of income tax, property tax etc is known as:

1. Indirect tax
2. direct tax
3. excise duty
4. sales tax